Considering the needs of the bullion stakeholders based in Talod, Multi Commodity Exchange of India Ltd (MCX) and Forward Markets Commission (FMC) in association with Talod Suvarnakar Sangh organized a commodity awareness programme on Saturday, February 14, 2015 at Talod (Gujarat). The programme was focused on the ways and means to hedge bullion price exposures using rupee denominated commodity futures contracts.

The experts provided in-depth knowledge on the fundamentals of bullion, exchange and the regulatory perspective, importance of hedging, importance of price risk management and price discovery, and how they can benefit from trading on a commodity futures platform. The experts also emphasized on various other aspects concerning the bullion sector.

While speaking about the benefits of the bullion contracts offered by the Exchange, Ms. Komal Kanzaria, Assistant Vice President, MCX said, “Gold and Silver futures contracts benchmarked to international prices, have enabled the market participants to efficiently and cost effectively manage their price exposures.”

“Though the underlying are international commodities, MCX bullion futures are traded in Indian rupees thereby eliminating the currency risks involved”, she further added.

Shri. Brijesh Bhai Soni, President, Talod Suvarnakar Sangh said, “Commodity exchanges such as MCX are highly efficient platform for the bullion value chain participants to manage their price risks better. They make the commodity markets more inclusive, efficient and competitive.”

MCX organises a large number of commodity awareness programs across the country on a continuous basis, for propagating the benefits of hedging and bringing more and more physical market participants under the beneficial ambit of the commodity futures market. Commodity exchanges such as MCX provide a platform to the market participants, to mitigate price risks to which they would be exposed to and the volatility associated with commodity prices.

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